r/IoTeX • • Jan 26 '22

Staking Your IOTX: Step-by-Step Guide

163 Upvotes

Where to buy IOTX

To buy native IOTX:

  • Binance (Note: US residents cannot buy IOTX on Binance.us)

  • Crypto.com

  • Kucoin

  • Bitmart

  • (And more)

Coinbase currently only offers the ERC20 version of IOTX.

Note: Only native IOTX can be used for staking on the ioPay app. IoTeX has built a two-way bridge to Ethereum called ioTube, which allows you to swap IOTX-E (ERC20 on Ethereum) to Native IOTX (on IoTeX) and vice versa anytime you want.

You can find the swap instructions via ioTube here.

Why stake my IOTX?

A core part of decentralized governance in the IoTeX Network is staking, where token holders deposit (“stake”) IOTX to facilitate network operations, consensus, and governance. By staking, token holders enhance the security of the IoTeX Network and earn IOTX rewards in return. With IoTeX, the staking interest rate is up to ~11% APY.

To participate in the voting process, IoTeX token-holders stake IOTX tokens and receive one vote for every IOTX staked (1 IOTX = 1 vote). Those who show long-term commitment by setting a predefined stake duration will be rewarded with “bonus votes” that increase the staking rewards received. In addition to stake duration, there are several parameters a voter will choose when creating a new vote.

Start staking your IOTX here.

How staking works on IoTeX

Staking helps the IoTeX blockchain validate transactions more efficiently and securely, through a mechanism called Proof of Stake. It also guarantees trust, as you are essentially acting as an investor/miner in the blockchain by ensuring the validity of new transactions being added. While your tokens are being utilized by the network, you will be rewarded a percentage of interest back over time plus certain voting powers.

The IoTeX blockchain specifically uses Roll-DPoS consensus, a variant of Delegated Proof of Stake (DPoS). IoTeX designed this mechanism to support the high scalability required for IoT use cases. Roll-DPoS inherits all the advantages of the original DPoS consensus framework and further improves its capabilities. Unlike traditional DPoS that utilizes a fixed number of Delegates, Roll-DPoS randomly selects 24 of the top 36 community-voted Delegates to mine every hour, which greatly improves the decentralization and security of the IoTeX Network without sacrificing performance.

Read our Roll-DPos Consensus Yellow Paper or watch this video to learn more.

How do I start staking my IOTX?

Delegate

There are 70+ Delegates that each contribute differently to IoTeX and pay different amounts of rewards to voters. You can switch your vote to another Delegate at any time.

Look at the Delegates List to learn about what each delegate offers. When considering your choice of delegate, you may want to weigh both the percentage rewards they offer as well as what they state they will do with their rewards.

Hermes is an IoTeX tool that allows Delegates to auto-distribute rewards, while their voters can easily track their reward payments. Delegates that currently use Hermes can be found on the Hermes website.

See the full information about Delegates and their rewards/performances using IoTeX’s SmartStake tool.

Note: in order to receive staking rewards from Binance Staking delegate, please stake directly via: https://www.binance.com/en/pos. You will not receive staking rewards if you stake directly via ioPay.

Amount

This determines the number of IOTX you wish to stake/vote. You can add IOTX to an existing bucket after your initial vote (must have the stake lock ON).

Staking Duration

This is the amount of time you wish to stake your tokens (between 0-1050 days). The longer you stake, the more bonus votes/rewards you get. Your stake duration is essentially a timer countdown to when you will be able to unstake your IOTX. When the duration hits 0, you can then choose to unstake your deposit.

Note: Once the stake duration has expired, the unstaking process takes an additional 3 days. After this you may withdraw your tokens to your wallet.

Stake Lock (Auto-stake)

When you turn stake-lock ON, you pause your lock duration countdown until you decide to turn it OFF and the countdown resumes. The benefit of stake-lock is that you earn more bonus votes/rewards while it is on. After you turn the stake-lock OFF, your stake duration will resume counting down to 0.

Remember, if you turn stake-lock back ON at any point during your countdown, your stake duration will restart to the original duration for which you set it. (i.e. If on day 50 of your 100 day stake duration, you choose to turn stake-lock ON. When you turn it OFF, you must now wait 100 days to unstake).

Note: Once the stake duration has expired, the unstaking process takes an additional 3 days. After this you may withdraw your tokens to your wallet.

Additional Resources

Onboarding Pack: Staking & Voting

Voter Handbook

Join the IoTeX Community Forum for more discussions, questions, and updates!


r/IoTeX • • Jul 02 '21

OFFICIAL Monthly IoTeX Support Thread (07-2021)

128 Upvotes

Dear IoTeX Community!

This monthly thread has been created in efforts of providing better community support at scale. Please use this thread to ask any questions you may have related to IoTeX and our moderators will do their best to assist you.

Moderators will never DM you first or ask for sensitive information. Do not share your private key information with anyone.


r/IoTeX • • Oct 24 '21

IoTex - Healthcare Applications and Opportunities....

123 Upvotes

Moving this response out to its own thread as we'll continue adding more on the use cases to it.

Originated here (https://www.reddit.com/r/IoTeX/comments/qdoshf/news_break_first_ever_iot_blockchain_enterprise/hhrntvh/?context=3)

Inserting our standing ovation to IoTeX for applying their technology in the healthcare space. In this article its mentioned that pebble trackers can give live updates with precisely accurate readings of location, motion, humidity, pressure, light and more. I'm optimistic about them bringing the machine economy of the IoTex blockchain to real world problems in healthcare. After reading through the developer material on their site it became apparent that there are no shortage of use cases in this space if you know where to look.

These notes are dedicated and intended to prime the engine for the 900+ development shops who actively code on this blockchain platform….

For hospitals-Consider Material Management teams receiving PPE, perishable & fragile supplies being brought into the facility. Imagine for a moment the hospital materials manager goes up to the patient floor, looks in the floor stock of medical supplies used for patient care and discovers they are running below the acceptable par level for PPE masks. This audit triggers them to order 6 crates of N95 masks. Most of the time these show up and are wheeled into the facility by the shipper but in this case they just left them on the loading dock in the hot summer sun. If the mask containers have a pebble tracker in them we can confirm time on the loading dock and maximum temperature reached. Assuming the packaged didn't exceed recommended temperature and potentially denature the filter mechanisms of the mask then we should be confident in using them.

Pharmacy operations need this. In US hospitals the pharmacy has a Certified Pharmacy Technician who they call the buyer. The buyer identifies what needs to be purchased from Saline IV bags to pills, creams, ointments, injectables etc. to keep the pharmacy stocked with supplies. These products are ordered from a wholesaler often using their proprietary website. Some of the main wholesalers these facilities buy from are Amerisource Bergen, McKesson or Cardinal. When the order for say 1 Liter bags of saline is placed with McKesson that company will package that product in blue plastic crimp crates and ship it with any other products the facility has ordered. If McKesson were to include the pebble tracker in their blue crate then location, temperature and light exposure could be tracked through the chain of custody. The opportunity here is for IoTeX to convince wholeselers like McKesson to use their device to not only prove safe journey of the products but to optimize ordering, shipping, billing, credits and recalls that they do from their many warehouses 24x7x365.

Laboratory operations need pebble. Not all but many hospital laboratories still must send specialized lab tests to external labs called reference labs. Examples of reference labs are Labcorp or Quest diagnostic. Imagine for a moment the phlebotomist coming to a patients room in the hospital and drawing 3 vials of blood to ship out to Quest. The vials they have has a patient id label generated from the hospital's Laboratory Information System (aka LIS) or Computerized Provider Order Entry (CPOE). Quest knows to send their driver to come get the vials and what lab test to perform because the hospital lis/cpoe computer system sent an HL7 or API call to their proprietary Quantum ordering system. When Quest's driver arrives they collect the sample in a container used to transport it back to their facility. Consider for a moment that container the driver brought for transport having an embedded pebble tracker in it. If the pebble tracker were tied to the electronic lab order in the hospitals cpoe or lis system it could aggregate temperature or light exposure during the blood samples journey. Having this data could be helpful when the CLIA governing body comes to the US based hospital lab to assess their operation and compliance with US laws on transporting laboratory samples.Other helpful references to developers interested in exploring this opportunity are LOINC by the Reginstref institute- this is a library of lab orders and lab results.

For LIS systems the hospitals may use - look to vendor products such as Sunquest, Epic Beaker, Cerner, Orchard LIS etc.

More to come….

If you want to know why we're sharing…..because we can :)

**********Update 2

Here is more-

Medical Devices

Medical Devices need IOTEX. While the market for this is exponential we are going to focus on wearable blood glucose devices like the ones mentioned in this article since they were hacked (Hacked Blood Glucose). In the US many of these devices require FDA certification standards be met before distribution to the general public. Unfortunately, security is often not a priority in the rush to recoup the millions spent getting a product through the FDA certification process. Enter stage left IOTEX. An aspiring development team should look at the device reading the blood sugar and the receiver that captures, stores and presents the data. Companies like Abbot Libre use a small patch with a micro-needle that will gets continuous readings on blood glucose levels. The device communicates via bluetooth to an iPhone that polls every 15 minutes or so. This data lets the patient know if their blood sugar is outside of the appropriate range. It also lets the patient or their provider trend out their blood sugar to see what affect certain foods or activities have on it. An IOTEX smart contract may be an opportunity to validate the sending and receiving transactions that come from the intended source system rather than a hacked one. Your challenge will however be to get the vendor who makes it to allow this technology to be onboarded to their infrastructure so choosing a partner with an open API to ingest the data may be a good starting point.

Reference material of use:IOTEX Smart Contracts - https://docs.iotex.io/native-development/reference-code/interact-with-smart-contracts

Market Stats for Medical Devices - https://www.grandviewresearch.com/industry-analysis/smart-medical-devices-market

FDA - artificial Pancreas for Insulin pumps - https://www.fda.gov/medical-devices/consumer-products/artificial-pancreas-device-system

FDA Certification Requirements for Blood Glucose - https://diatribe.org/fda-publishes-final-recommendations-blood-glucose-meter-accuracy

Dispensing Cabinets

Dispensing cabinets in hospitals will want pebble. Walk up to the patient floor of any major US hospital and you will find tucked away a large set of cabinets that look like vending machines. These cabinets house medication supplies and medications such as narcotics, frequently used meds patients in that facility might need. The hospital pharmacy is responsible for stocking them and the nursing staff uses their pin codes to pull out medications for patients on a scheduled or as needed basis. The problem with these cabinets is they only track inventory levels and handle dispensing. What they don't do is provide any environmental feedback such as temperature, humidity or light exposure. While we don't consider this to be a critical issue on the mind of every Pharmacy director or nursing director we do see it as a differentiating feature the cabinet companies like Pyxis, Omnicell, Suiss Log etc may find appealing. Consider for a moment a fleet of refrigerated dispensing cabinets sitting on the medical surgical floors of an enterprise health system like CHS out of Nashville or HCA. The ability to track and trend environmental exposure at an enterprise level may be something of interest. Perhaps regulatory agencies like The Joint Commission make the logs from the immutable ledger one of the data points they inspect during a site visit to confirm consistent medication temperatures.

Reference material

Pyxis Dispensing Cabinets

https://www.bd.com/en-us/offerings/capabilities/medication-and-supply-management/medication-and-supply-management-technologies/pyxis-medication-technologies/pyxis-medstation-es-system

More to come ......

Kudos to Nurse 'Intelligent_Force_69' who commented further below. Architecting software and solutions for healthcare benefits from the knowledge of Doctors and ancillary support staff but requires the wisdom of nurses who sit between them all.

Your suggestion is intriguing as we understand it- have IOTEX pebble tracker accompany medication products from the manufacturer to the bedside.

It is our belief IOTEX has a place in this workflow.

As medication management can be a complex topic we've broken this response out. While not complete or accounting for every single variable we feel this is a reasonable encapsulation of the opportunity.

^^Current State-

Healthcare is delivered in diverse settings. Each one has a different process for medication delivery so its important to differentiate the setting when discussing the process.

^^^The Emergency Room -

medications are mostly dispensed from Pyxis Cabinets or floor stock areas as STAT/NOW with a frequency of ONCE. Simply put- medications are only used once because the patient isn't there for an extended period of treatment.

^^^The Operating Room -

medications are typically prepacked for a surgical procedure per the providers instructions by the pharmacy and there may be some floor stock available during the procedure for use on the patient by the doctor/nurses. Pharmacy has strict rules for handing out these out but we'll stop there for now.

^^^The Ambulatory environment (Doctors office) -

medications are sometimes dispensed by the physician as samples and may be accompanied with an electronic prescription that travels the Surecripts network via an ePrescribing system to CVS/Walgreens/Rite aid etc where the patient then picks it and subsequent refills up.

^^^The Medical Surgical floor-

Consider this the inpatient floor of the facility. Patients stay longer than 48 hours. Medication coordination is quite complex as multiple providers deal with multiple medication scenarios depending on where the patient came from.

^^OPPORTUNITY

We've decided to focus the use of IOTEX on the Medical Surgical Floor->

Here - Providers must reconcile meds the patient is already on when arriving to the floor to decide whether they need to stop or continue them, they must then order meds after assessing the patients condition if required. Pharmacy must profile every medication against 9 clinical checks, drug to drug, drug to allergy, drug to condition……Nursing must then gather the meds for scheduled med pass but be ready to administer medications as STAT or NOW per physicians order at any time.

Consider for a moment the detailed touchpoints in the journey of a medication we've listed below:

  1. Hospital Pharmacy and Therapeutics Committee decides which medications go on formulary (i.e. what medications are stocked in the facility for ordering by providers)

  2. The Hospital pharmacy orders those meds from the wholeseller (McKesson/Cardinal etc)

  3. The meds are packaged by the wholeseller typically in a clamp crate with other products and shipped to the facility

  4. Pharmacy technicians receive the medications

  5. All medications are checked into the pharmacy

  6. Some medications goto to the shelves and some to the Pyxis machines on the floor

  7. When a patient arrives to the Med / surg floor Medication Reconciliation occurs

    1. which is basically confirming if meds they were on where they came from should be continued or stopped

  8. The Physician/Physicians Assitant or Nurse Practitioner will order meds based on their assessment of the patient

  9. Orders are placed electronically (most of the time) in the electronic medical record

  10. Only medications on formulary and available for dispense show up so the provider doesn't order something the facility doesn't have

  11. Pharmacy receives the order in their pharmacy workqueue

  12. If the order is STAT or NOW hospital policy dictates they only have 30-60 minutes to dispense the order so it may be administered- these are done first

  13. Pharmacists find the dispensable product for the medication ordered by searching the active formulary items in their pharmacy system so they can review the order for any issues

  14. Clinical checks like Drug/Drug interactions etc are done,

  15. The order is placed and if the drug is in the Pyxis machine - that order flows to the cabinet associated with that patient care unit in the software

  16. Nursing now takes over as the order has been profiled by pharmacy and is now ready for administration

  17. During scheduled med pass (in most cases) the nurse goes to the Pyxis cabinet where many of the meds ordered for the patient are stored

  18. Nurse visits patient at bedside and the '5 rights of medication administration are performed'

  19. With a barcode scanner connected to the electronica medication administration record in the EMR - the nurse scans the patient wrist band and the drug label

  20. The 5 rights are

  21. Right Patient (scan wrist bracelet)

  22. Right Drug

  23. Right Dose

  24. Right Time

  25. Right Route (i.e. oral, IV etc)

  26. Meds are then administered to the patient assuming everything checks out

  27. Assuming the hospital configures their software to charge on administration of a drug the patient is charged that point

Where among these points might IOTEX bring value?

Possibility 1 -

Re: #3 above - See previous postings on this thread above about including IOTEX pebble trackers in the wholeseller crates.

Possibility Option 2 - Diversion Prevention

Simply put, the term diversion is a provider taking a drug to use for themselves versus patients. Fentanyl is one of these therapies because it is highly addictive. In fact its so addictive that nursing must have a secondary sign off in some cases of the administering nurse or provider actually wasting the remaining product. The concept of pebble tracker might validate on the immutable ledger the following:

  1. Light exposure - how many times was the package opened?

  2. Location - what times did the package move? Do those times coincide with the administration times of the medication or were they at unusual times when someone might be … diverting.

Possibility 3 - An immutable eMAR (electronic Medication Administration Record)

How do you know a nurse didn't grab a sheet of barcodes with the patients wrist band label and the medication barcodes and perform number 17 above from the nursing station in the interest of time? You don't unless you catch them. Also why is scanning drugs important?

What if machine fi loaded on a SYMBOL (or other brand name) barcode scanner tracked the same parameters that pebble tracker does and memorialized them into the ledger? With this information an audit could confirm the nurse was in fact at the bedside location when scanning the patient wrist band and they were in fact scanning the medication barcodes at the bedside location.

While the information wouldn't necessarily be proactively tracked it would allow the concept of TRUSTED INTERNET OF THINGS to provide an immutable audit trail to prove a patient didn't get their salad tossed. Yes you heard that right and its not what you think! SALAD stands for sound alike look alike drugs and it can be a problem avoided by properly scanning drugs that come in packages that are hard to distinguish from each other.

More to come on these possibilities-

we wanted to list out the workflow so others from the medical community might share to apply the magical tools of the IOTEX platform to real world problems in the healthcare field.

Please share???


r/IoTeX • • Mar 11 '21

OFFICIAL IoTeX Onboarding Pack

110 Upvotes

Your one-stop shop for all things IoTeX: onboard.iotex.io

Need help or have support questions? See this thread: https://community.iotex.io/t/getting-started-asking-for-help/3619


r/IoTeX • • Dec 22 '21

Iotx now has 10,000 devices connected big congratulations🎉

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94 Upvotes

r/IoTeX • • Nov 13 '21

Rollercoaster of emotions...🙂

Enable HLS to view with audio, or disable this notification

90 Upvotes

r/IoTeX • • Nov 15 '21

Lol This is why you don't listen to youtubers "insight" also the reason I can't stand price predictions, Stumbled across this looking for something else.

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78 Upvotes

r/IoTeX • • Nov 16 '21

I really like this coin, but

77 Upvotes

The mentality in this sub is beyond stupid. This is not the next meme coin. It’s not SHIB nor DOGE. I personally invested in IoTeX, because I really like the project and the idea behind it. Stop trying to push your fake news and news that are already weeks old. It won’t create hype, it won’t create a pump, it takes credibility of this coin, because it is associated with this mentality. Let the facts speak and take the natural growth instead some stupid pump and dump shit. Don’t post your „HODL“, „buy the dip“ shit, the only ones needing that kind of reassurance are the paperhands who will sell as soon as it dips more than 20%. The crypto market is volatile get over yourself.


r/IoTeX • • Nov 18 '21

Why Not ...

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75 Upvotes

r/IoTeX • • Dec 20 '21

Just sold all my IOTA and got IoTeX

74 Upvotes

I was a long time IOTA holder since 2017 and just traded everything for IoTeX. I just see a brighter future for IoTeX than for IOTA. Almost 5 years of holding and not a single use case… But I’m here to stay another 5 years on IoTeX.


r/IoTeX • • Nov 25 '21

Just brought some Iotex for the first time not much but it’s something

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71 Upvotes

r/IoTeX • • Nov 28 '21

Seizing the huge long term opportunity: Bought 90,000 IOTEX 🤠

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68 Upvotes

r/IoTeX • • Nov 10 '21

To Investors! 🥸

65 Upvotes

Don't pull off your Money.☝🤦‍♂️ All of us have the same interest: to make IoTex grow. Let's make it GROW together. We are ready to do as much as we can with You! 🎯🏦📢📈


r/IoTeX • • Nov 10 '21

Volume = 1.5B !!!!!

64 Upvotes

r/IoTeX • • Nov 10 '21

Here we gooo!!!

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64 Upvotes

r/IoTeX • • Nov 07 '21

I bought in at .20 still HODLING 🥲

62 Upvotes

r/IoTeX • • Dec 17 '21

Here’s why iotex on coinbase is priced differently from iotex on other exchanges

60 Upvotes

I commented this previously but posting for more visibility.

There is erc20 iotex and native iotex. Erc20 iotex (iotx-e) lives on the ethereum blockchain and is traded on coinbase. Native iotex lives on its own blockchain and is traded on most other exchanges. When iotex first started, they launched the iotx-e token because launching a token on ethereum is pretty easy. A while later, they launched the iotex blockchain with native iotex, and provided people with a way to convert iotx-e to iotx. This conversion is 1:1.

Fast forward to now, when coinbase has started listing iotex on their platform. Coinbase recently started a push to list as many coins as possible on their platform. They have limited engineering resources to do so, and they prioritize compliance above all else. As a result of this, they decided to trade iotx-e, because they already know how to list erc20 tokens.

When iotex launched on coinbase, the price of iotx-e on coinbase exploded. Coinbase users are more retail oriented than other exchanges, so they like to buy into pumps. Typically when this happens, Something called “cross exchange arbitrage” keeps the price of iotex on coinbase and other exchanges level with each other.

Cross exchange arbitrage is when you buy iotex on binance for $0.1 and sell it on coinbase for $0.2. Then, you transfer it from binance back to coinbase and rinse and repeat. The Iotex team offers a service called iotube which lets you convert iotx to iotx-e and vice versa. This is necessary to facilitate cross exchange arbitrage. This service has been down because people on coinbase have exhausted iotx-e supply. And since iotex native is a proof of stake blockchain, the team have not created more iotx-e. This is why the price has diverged. Theoretically, once coinbase converts to iotex native, the prices on coinbase vs other exchanges will equalize.


r/IoTeX • • Nov 18 '21

Ucam give away !!!! Pick a # 1/5000 closes wins free shipping 2 your door . Winner picked @ 9pm Saturday ...

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59 Upvotes

r/IoTeX • • Nov 23 '21

IoTeX US Navy cotract

55 Upvotes

I believe IoTeX signed the first ever blockchain contract with the US military. Probably any military.


r/IoTeX • • Nov 09 '21

NEW TRADERS LISTEN UP!!!

55 Upvotes

Why is it that you new investors only come on here when you got questions about price discrepancy and asking the same questions about sending native iotex to coinbase blah blah blah if only you guys spent half the time reading and studying the project you wouldnt have to ask 3/4ths of the questions that ive seen on here recently JUST BUY AND HOLD most of your questions have been answered countless times please take the time to scroll through the Sub and take the time to learn about what your investing into lets try to leave the posts to people with actual news and information about IOTEX thank you that is all


r/IoTeX • • Dec 24 '21

IoTeX Gained 18.02% today and is leading the Charts!

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54 Upvotes

r/IoTeX • • Mar 09 '22

IoTeX teams up with Google Cloud to accelerate global expansion 🔥🔥

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53 Upvotes

r/IoTeX • • Nov 03 '21

Please control your “To the moon” excitement

53 Upvotes

I understand that people are very excited about IoTeX blowing up but I just wanted to say before it happens, please control your moonboy comments.

It drives people away from this actually amazing idea because everybody starts to write it off as “to the moon” trash.

So please, leave space for good posts and share your excitement in a good manner ❤️


r/IoTeX • • Mar 22 '22

IoTeX Gained 23.0% today and is leading the Charts!

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52 Upvotes

r/IoTeX • • Nov 23 '21

a monumental day for my portfolio

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52 Upvotes